In 2016, AICD conducted an 'NFP Governance and Performance Study' which identified a number of unique challenges that NFP's face. These included financial sustainability, lack of time and resources for strategic planning, performance measurement and relationships with government.
The tools will help boards to prioritise where they spend their time while also providing practical guidance on how to address some of the key governance challenges facing NFPs.
The first set of tools addresses the fundamentals of the role of the NFP board, including financial literacy and fundraising, as well as strategic planning, considerations for appointing a new director, right down to the nitty gritty of drafting an audit committee charter. The AICD’s NFP team plans to release new tools quarterly to add to this initial roll out.
The tools are available as a free download from the AICD’s NFP Resource Centre.